2019
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Question
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10
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8
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6
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7
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Detailed explanation-1: -India Falls to 7th Spot in Global GDP Rankings: World Bank Report. According to the report, India’s GDP value for 2018 was $ 2,726,322.62 million. New Delhi: A new World Bank report shows that India has slipped to seventh spot when it comes to 2018 global GDP (gross domestic product) rankings.
Detailed explanation-2: -It is the world’s fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). According to the International Monetary Fund (IMF), on a per capita income basis, India ranked 142nd by GDP (nominal) and 125th by GDP (PPP).
Detailed explanation-3: -The world’s top four economies in the World Bank list in 2018 were the United States, with a GDP of $20.5 trillion, followed by China ($13.6 trillion), Japan ($4.9 trillion) and Germany ($3.9 trillion).
Detailed explanation-4: -India’s economy is forecast to grow by 7% this year, making it the 5th largest in the world, the International Monetary Fund (IMF) says.
Detailed explanation-5: -18. Saudi Arabia. Saudi Arabia is an energy superpower that had a GDP of $833.54 billion for 2021.